In keeping with a Tuesday submit by Whale Alert, the account that tracks main cryptocurrency transfers, 100 million Tether (USDT) tokens have been transferred on the Ethereum blockchain from Tether Treasury, the central pockets managed by the stablecoin issuer, to the Bitfinex change.
An analogous switch of 127 million USDT occurred final week on June 27. On June 25, 148 million USDT was despatched to an unknown pockets.
The newest transaction was preceded by 100 million USDT being despatched from Bitfinex to Tether Treasury on the Tron blockchain.
Therefore, the transfer recorded on Tuesday is most certainly a series swap, which entails transferring USDT from one blockchain to a different. The Bitfinex change was appearing as an middleman.
On June 22, Tether minted a complete of two billion tokens on the Tether Treasury. Different main minting occasions occurred on June 18.
In keeping with the info offered by CoinGecko, the whole market cap of USDT presently stands at $157 billion.
